Any ideas regarding Round Number Indicator?

5 Views
Christopher Campbell
Answered 2 years, 11 months ago
<p id="isPasted">The idea is to enter when the price break the xx.00</p><p>moving average or PSAR , RSI or any other indicator, could be used as a confirmation to avoid noise at entry.</p><p>target is 100 pips to 200 pips , a trailing option is good idea so we can set the target as 200 and trail at 50. Stoploss is at 50 pips. Pair to trade is GBPUSD.</p>
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Richard Cross
Answered 2 years, 11 months ago
<p>Just use this indicator to visualize pip distances for round numbers and otherwise.. it's very effective. Set the HGrid. Pips value to 25 or 50 or whatever else you prefer.</p>
3 Views
Albert Buchholtz
Answered 2 years, 11 months ago
<p id="isPasted">Round Numbers or The Figure Indicator, displays levels above and below the price at rounded values.&nbsp;</p><p>Represents psychological price points to the mass of traders and are therefore significant support and resistance levels.</p>
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Harvey Brown
Answered 2 years, 11 months ago
<p id="isPasted">Round Levels MetaTrader indicator — an MT4/MT5 indicator that can display round levels and zones near them based on your configuration. It can be useful to trade off the natural psychological support and resistance zones.</p><h1 style="margin-right:0cm;margin-left:54.0pt;font-size:32px;font-family:&quot;Times New Roman&quot;,serif;background:white;" class="forexqa-img-container"><img width="511" src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1661786316258.png" class="fr-fic fr-dii fr-draggable forexqa-img" style="width: 730px;"></h1><p>Round Levels Indicator Example on MetaTrader 4 Chart Showing EUR/USD @ H1 Support and Resistance Levels</p><p>Input parameters</p><p>Levels (default = 5) — the number of round levels to process in each direction (up and down).</p><p>Interval (default = 50) — the interval in points between round levels. For example, the default value of 50 means that a level will be drawn each 50 points. …</p>